“TO GIVE UP on equities, you have to give up on capitalism. To say that it’s no longer appropriate to invest in equities means you don’t believe that economies and earnings will grow.”
The closing words of the mid-July presentation by John Ross linger after the presenter has slipped next door for some well-earned lunch. These are not the views of a financial doom-monger, after all. This is a portfolio strategist at Fidelity, the world’s largest mutual fund manager.
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